CRE This Week: What's impacting the Canadian market
April 1, 2026 - Canada commercial real estate market insights, indicators, and notable transactions
April 1, 2026
Welcome to the latest edition of CRE This Week, curated by Altus Group’s Canada research team.
Our team has handpicked new and noteworthy market indicators, articles, and significant industry transactions that are impacting Canada's commercial real estate sector. We understand that your time is valuable, so we're excited to deliver research that helps you stay informed and saves you some time each Wednesday morning.
FEATURED TrANSACTIONS
Canada property transactions
Greater Toronto Area: Apartment
30 High Street, Mississauga
$36,300,000
$292,742 per unit
Greater Vancouver Area: Industrial
#A130, 26550 Gloucester Way, Langley
$4,850,000
$548 per sq. ft
Broker: Joe Lehman, Garth White, Jen Schroer (Avison Young)
Greater Montreal Area: Apartment
3475 de la Montagne Street, Ville-Marie
$90,500,000
$312,069 per unit
Greater Calgary Area: Apartment
2312 22nd Street NW, Calgary
$1,500,000
$250,000 per unit
Broker: Charles Russell (Houston Realty.ca)
Greater Toronto Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Mississauga | 6789 Millcreek Drive | $16,175,000 | $374 | per sq. ft. | Taylor Farris, Tony Drivas, Brennan Eastmure (Colliers) & Mathew Tonna (CBRE) |
Office | North York | 44 Upjohn Road | $8,160,000 | $370 | per sq. ft. | |
Industrial | Scarborough | #1, 2560 Morningside Avenue | $6,421,140 | $470 | per sq. ft. | Daniel Hubert, James Mildon, Peter Schmidt, D'Arcy Bak (Cushman & Wakefield) & Ryan McDonnell, Bryan Li, Jenny Fang (Jones Lang LaSalle) |
Greater Vancouver Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Apartment | Vancouver | 2250 York Avenue | $5,995,000 | $428,214 | per unit | Chris Hayne, Billy Yang (Royal LePage Commercial) |
Office | Burnaby | 3855 Sunset Street | $2,175,000 | $800 | per sq. ft. | |
Industrial | Richmond | #140, 2668 Simpson Road | $2,170,810 | $533 | per sq. ft. | Steve Brooke, Joel Barnett, Alex Mei (CBRE) |
Greater Montreal Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Apartment | Laval | 3545-3577 Rivard Street | $70,750,000 | $199,296 | per unit | Guillaume Monast, Mark Sinnett, Sebastien Gatti, Marie-Claire Laflamme-Sanders (Avison Young) |
Apartment | Vieux-Longueuil | 1155 Saint-Charles Street West | $60,000,000 | $361,446 | per unit | |
Industrial | Saint-Laurent | 700 Montée de Liesse | $13,400,000 | $679 | per sq. ft. | Ryan Cymet, James Cacchione, Geoffrey Hughes (CBRE) |
Greater Calgary Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Retail | Calgary | 850 Crowfoot Crescent NW | $6,150,000 | $623 | per sq. ft. | |
Retail | Calgary | #3110, 64 Homestead Gate NE | $3,341,442 | $572 | per sq. ft. | |
Office | Calgary | 1901 Centre Street NW | $1,650,000 | $264 | per sq. ft. | Deep Sekhon, Rob Walker, Lauren Code (Colliers) |
ECONOMIC PRINT
Canada commercial real estate market indicators
Toronto office investment in 2025 varied across regions
Return-to-office mandates and shifting workplace preferences continued to reshape the GTA office market in 2025, and the regional story was not uniform. Investment volume declined across most regions year-over-year. York saw the steepest contraction, down 47%. Halton was the exception: $132M transacted, up 10% year-over-year.
Pricing moved differently. The GTA-wide average price per square foot rose $31/sq. ft. year-over-year. Every region except Peel posted an increase.
Figure 1: GTA office investment sales activity by region, 2019 - 2025
Toronto office transaction activity and pricing trends
The Greater Toronto office market closed 2025 with $1.3B in transaction volume, a 19% year-over-year decrease. Despite the pullback in dollar volume, deal count actually increased. 200 transactions closed over the year, up 16% from 2024, pointing to a shift toward smaller transaction sizes.
On the supply side, no new office space was completed in Q4. Seven buildings totalling 2.1M sq. ft. remain under construction, with 18% of that space still available for lease.
Figure 2: GTA office investment sales activity by quarter, 2020-2025
INSIGHTS Spotlight
Catch the latest research and insights from Altus
Canadian CRE market update – Q4 2025
Canada's 2025 commercial real estate market held firm at $52.9B as retail led gains, hotel momentum built, and investors moved toward active deployment.
The cost of good enough: Why CRE data governance is a competitive edge
The CRE firms winning with AI are not the ones who moved fastest, but the ones who built a clean, governed data foundation first.
About our research team
Edward Jegg
Research Manager, Data Solutions
Altus Group
Edward Jegg serves as a Research Manager on the Data Solutions team at Altus Group, leveraging over 35 years of extensive experience in the commercial real estate sector to deliver market intelligence to the industry. Jegg plays a key role in creating and disseminating detailed market reports across Canada, providing stakeholders with timely insights for investment decision-making. Jegg is a recognized expert, frequently offering media commentary on real estate trends and recently receiving the prestigious Chair's Award of Merit from BILD for his outstanding contribution to the field.
Jennifer Nhieu
Senior Research Analyst, Data Solutions
Altus Group
Jennifer Nhieu is a Senior Research Analyst, Data Solutions with Altus Group, where she specializes in providing timely, data-driven insights into the Canadian market. Leveraging her background in commercial real estate and geographic information science, Jennifer is a key contributor to Altus Group’s quarterly research insights. She transforms complex data sets into clear, actionable intelligence, helping stakeholders make informed decisions.
About the Data Solutions team
Behind every update in our newsletter is the work of our Data Solutions team, a group dedicated to keeping you informed on commercial real estate activity across Canada. From Vancouver to Toronto (and everywhere in between), they track transactions, visit properties, and add the local context that numbers alone can’t capture. Their work goes beyond deals, by providing insights into new home developments and sales trends, as well as detailed office and industrial inventory data across key markets, from Montreal and Calgary to Winnipeg, Quebec City, and Atlantic Canada.
Disclaimer: The opinions expressed in this newsletter are solely those of the authors and are not endorsed by Altus Group Limited, its affiliates and its related entities (collectively “Altus Group”). This publication has been prepared for general guidance on matters of interest only and does not constitute professional advice or services of Altus Group. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy, completeness or reliability of the information contained in this publication, or the suitability of the information for a particular purpose. To the extent permitted by law, Altus Group does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. The distribution of this publication to you does not create, extend or revive a client relationship between Altus Group and you or any other person or entity. This publication, or any part thereof, may not be reproduced or distributed in any form for any purpose without the express written consent of Altus Group.
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